The economic downturn may be hurting college enrollment, according to a financial aid search firm.
Many prospective students are delaying academic plans or setting their sights on less prestigious colleges, says Cappex.com L.L.C., Highland Park, Ill., the company that runs the MeritAid.com Web site.
The company commisioned a survey of about 2,500 prospective college students and found that:
- 16% said they are putting their college searches on hold because they doubt their families will be able to pay for college.